We're watching for a bullish rally. | 18 Octubre 2023
18 Octubre 2023, EUR/USD
EURUSD is currently in a bullish corrective phase, with the market moving in the form of the ABC corrective pattern. The price is currently moving impulsively to the upside. From the chart above, it is clear that the price is forming the minor corrective wave 'a,' with our target set at the resistance zone of 1.0742. We expect the price to rise at least up to 1.0742. You can place a long position above 1.0597 with your profit target set at 1.0700-1.0742. This setup will be invalidated should the price break and close below the support zone of 1.0454.
Trade Recommendations:
We're watching for a bullish rally.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
